DSL WPR (MT5)

DSL WPR fuses Williams %R with DSL (Discontinued Signal Line) logic: only the active side of the band is drawn, which keeps overbought/oversold rotations and bias flips cleaner. Built for MetaTrader 5.

What it shows

• Williams %R core (−100…0) mapped into a DSL band — only one side is active based on bias.
• Levels — typical −80/−20 (or custom) for timing rotations and trend filters.
• (Optional) markers/alerts — DSL flip, level exits/entries, slope changes.

Trade ideas

1. Bias via DSL: trade with the active DSL side; a flip often marks regime change.
2. First exit from extreme: after a flip, take the first move out of oversold/overbought in the new direction.
3. Continuation hooks: during trends, enter on a hook back from mid‑zone while DSL remains active.
4. (Optional) Divergence with price — caution, seek confirmation.

Inputs that matter

• %R length / smoothing — responsiveness vs smoothness.
• DSL levels — −80/−20 (default) or custom thresholds.
• Alerts — DSL flips, level touches/exits, slope flips.
• Colors/widths — fast visual read.

Suggested usage

• M5–M15: intraday rotations/pullbacks.
• M30–H4: swing continuation with DSL bias.
• Daily+: portfolio regime filter.

Installation (MT5)

1. Open MetaTrader 5 → File → Open Data Folder.
2. Copy dsl-wpr.ex5 to MQL5/Indicators.
3. Restart MT5 (or refresh Navigator) and attach DSL WPR.
4. Tweak inputs → OK.

FAQ

Does it repaint? No; DSL flips confirm on closed bars.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT5.

Disclaimer: Test on a demo account first; risk management is essential.